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. >>> tax grab -- big airlines decide not to pass on savings from the temporary government tax halt to consumers. >>> and sticker shock -- a japanese department store offers one of the most expensive box lunches ever. good morning, i'm amara sohn, those stories and more are straight ahead on "first look" on msnbc. >>> we begin this morning with dueling over the debt. president obama and house speaker, john boehner escalated the battle over the debt limit last night. they both appealed to american television viewers in speeches that reflect the two sides being farther apart than ever on the issue. nbc's tracey potts has more from washington. >> we're now one week away from the deadline for default and it looks like the white house and congress are no closer to a deal. >> this is no way to run the greatest country on earth. it's a dangerous game that we've never played before. and we can't afford to play it now. >> reporter: president obama is taking his behind closed doors fight public, urging taxpayers to pressure republicans into considering taxing the wealthiest americans. >> the pre
. >>> tax grab -- big airlines decide not to pass on savings from the temporary government tax halt to consumers. >>> and sticker shock -- a japanese department store offers one of the most expensive box lunches ever. good morning, i'm amara sohn, those stories and more are straight ahead on "first look" on msnbc. >>> we begin this morning with dueling over the debt. president obama and house speaker, john boehner escalated the battle over the debt limit...
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big airlines decide not to pass on savings from a temporary government tax halt to consumers. >>> and sticker shock. a japanese department store offers one of the most expensive a japanese department store offers one of the most expensive box lunches ever. captions paid for by nbc-universal television hello, and good morning. i'm amara sohn. today we begin with dueling over the debt. president obama and house speaker john boehner escalated the battle over the debt limit last night. they both appealed to american television viewers in speeches that reflect the two sides being farther apart than ever on the issue. nbc's tracie potts has more from washington. >> reporter: we're now one week away from this possible default deadline and it looks like the white house and congress are no closer to a deal today. >> this is no way to run the greatest country on earth. it's a dangerous game that we've never played before and we can't afford to play it now. >> reporter: president obama is taking his behind-closed-doors fight public to pressure republicans into. >> the president wanted a blank ch
big airlines decide not to pass on savings from a temporary government tax halt to consumers. >>> and sticker shock. a japanese department store offers one of the most expensive a japanese department store offers one of the most expensive box lunches ever. captions paid for by nbc-universal television hello, and good morning. i'm amara sohn. today we begin with dueling over the debt. president obama and house speaker john boehner escalated the battle over the debt limit last night....
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in other words, cuts to the big three. and, number five, of course, is the big one for republicans -- no tax hikes. boehner's plan is nothing but cut, cap, and balance, wrapped in a brand-new package and tried to be sold to the american people tonight. if you look at it side-by-side comparison, the two plans, boehner is a fool not to take reid's package. boehner's plan has 1.2 trillion in cuts. reid more than doubles the number with $2.7 trillion in cuts. so who's the honest player here? boehner has two debt limit votes and reid has one. let's get it done. reid's plan also has deep cuts to the pentagon budget, and it assumes that the wars are going to eventually end in iraq and afghanistan on a date, right? now, boehner's problem with the reid plan is that it takes the big three right off the table. and, of course, the real republican two-step is to kill the new deal and defeat of president obama and create more opportunities for more tax breaks at the top. neither one of these plans tonight, it must be pointed out that th
in other words, cuts to the big three. and, number five, of course, is the big one for republicans -- no tax hikes. boehner's plan is nothing but cut, cap, and balance, wrapped in a brand-new package and tried to be sold to the american people tonight. if you look at it side-by-side comparison, the two plans, boehner is a fool not to take reid's package. boehner's plan has 1.2 trillion in cuts. reid more than doubles the number with $2.7 trillion in cuts. so who's the honest player here?...
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three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of the economy, and if you do it soon, unfortunately, then you're going to have a tremendous problem. if you don't raise taxes on the rich, where are those cuts going too to come from? they're going to come from education, from infrastructure, from basic r&d. from all the things you need to grow the economy and create jobs. >> and of course, if we go back to the old tax rates, before the bush tax cuts, we would be looking at $4 trillion into the treasury over the next decade, is that correct? >> of course we would. look, i was very proud, i was a member of the clinton administration. we ended the clinton
three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of...
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three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> well, i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of the economy, and if you do it soon, unfortunately, then you're going to have a tremendous problem. if you don't raise taxes on the rich, where are those cuts going too to come from? they're going to come from education, from infrastructure, from basic r&d. from all the things that you need to grow the economy and create jobs. >> and of course, if we go back to the old tax rates, before the bush tax cuts, we would be looking at $4 trillion into the treasury over the next decade, is that correct? >> of course we would. look, i was very proud, i was a member of the clinton administration. we ended
three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> well, i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion...
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lawrence, our government is too big. we have a government that spends too much, and we're bankrupting future generations, and we're not going to change that until we change this town. >> congressman walsh, you know that the government got bigger every year under the reagan presidency, so much bigger every year under the reagan presidency that ronald reagan had to ask you in congress, you weren't there, but congress, he had to ask congress for a debt ceiling increase 18 times, and congress gave him a debt ceiling increase 18 times. would you have voted no on every one of the 18 ronald reagan debt ceiling increases? >> lawrence, i'll give you an honest answer, i don't know. what's interesting to me is -- >> so there might have been a debt ceiling increase you might have voted for, just not a obama debt ceiling increase. >> no, no, no. 20 to 30 years ago, who knows. what i find interesting -- you're right in your history, why is the debt ceiling such a big issue now? and i guess my answer would be is because the crisis is s
lawrence, our government is too big. we have a government that spends too much, and we're bankrupting future generations, and we're not going to change that until we change this town. >> congressman walsh, you know that the government got bigger every year under the reagan presidency, so much bigger every year under the reagan presidency that ronald reagan had to ask you in congress, you weren't there, but congress, he had to ask congress for a debt ceiling increase 18 times, and congress...
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so let's break it down with the big boys. charlie cook, publish of the cook report and stu, editor of the rot then berg political report. >> he's already making fat jokes. >> by the way, it's louisiana week. i had john brill here yesterday and i get charlie today. we can look at where we are, busting out the ipad. i know that you guys love this. it's a 53/47 majority. they have to net four or three if republicans get the presidency. so let's look at the best opportunity for stu for the republican. we put up, you seem to collectively agree, six states that are already leaning republican or pure toss ups. >> north dakota was in the bank already. it's a good, open seat. and then after that you go to three or four races and i think even money for the republicans and you have to like how they started. that would be nebraska, montana, or missouri in difficult states fundamentally leaning states. >> look, charlie cook, you take those four, pure toss ups all the way to election day, take those other four. of those four, which ones sh
so let's break it down with the big boys. charlie cook, publish of the cook report and stu, editor of the rot then berg political report. >> he's already making fat jokes. >> by the way, it's louisiana week. i had john brill here yesterday and i get charlie today. we can look at where we are, busting out the ipad. i know that you guys love this. it's a 53/47 majority. they have to net four or three if republicans get the presidency. so let's look at the best opportunity for stu for...
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acuvue® oasys brand. >>> big news, big news, you guys. after months of negotiations, a deal has been reached to end the nfl lockout. [ applause ] >> or as china put it, oh, great, glad you got that deal worked out. any word on the $14 trillion. yeah, might want to get working on that one. >>> let's take a look at the morning papers. "the new york times." the unemployed need not apply. that's the message from the growing number of employers. a recent review of websites like monster.com and craiglist show hundreds of job postings will only consider people who are currently employed or recently laid off. it's become common enough that new jersey passed a law banning these types of ads. >> financial times, netflix is bracing for the backlash of the recent price hike. the company warned of a slowdown. it sent netflix shares tumbling 10% in afterhours trading. >> and grand central terminal is getting bigger. a ten-year deal in the works to build an apple store there. if approved on wednesday, the construction is expected to take about four mont
acuvue® oasys brand. >>> big news, big news, you guys. after months of negotiations, a deal has been reached to end the nfl lockout. [ applause ] >> or as china put it, oh, great, glad you got that deal worked out. any word on the $14 trillion. yeah, might want to get working on that one. >>> let's take a look at the morning papers. "the new york times." the unemployed need not apply. that's the message from the growing number of employers. a recent review of...
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so tomorrow evening will be a big vote. the specific times aren't set, but we're into a series of days where these vote showdowns will be more and more important. a lot of the strategy will go behind the scenes. account various sides wrangle people to get them to their side? this will not be easy for either majority leader reid or boehner. >> kelly o'donnell for us, thank you. >>> joining me is congressman henry coyer and adam kinninger. gentlemen, good morning. congressman claire, the president asked the american people to call their congressmen, and we understand that some sites crashed, we're hearing that the server for the house is still down. what are you hearing? >> we're hearing from our constituents to make sure we don't have a default. we have to find a solution in a bipartisan way. i know there's two competing interests here, but i'm hoping that we get together and work something out. >> obviously congressman kinninger, a number of your colleagues said they would not support john boehner's plan, so i'm wondering i
so tomorrow evening will be a big vote. the specific times aren't set, but we're into a series of days where these vote showdowns will be more and more important. a lot of the strategy will go behind the scenes. account various sides wrangle people to get them to their side? this will not be easy for either majority leader reid or boehner. >> kelly o'donnell for us, thank you. >>> joining me is congressman henry coyer and adam kinninger. gentlemen, good morning. congressman...
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he said we need a long-term solution, he said we need a big solution, a grand solution, the president offered that, it was clear that he could have gotten that deal, in my opinion. the first time that he walked away from the deal, and i'm absolutely convinced, having talked to the president, he could have gotten a deal the second time he walked away. the problem is i think his party wants to play politics, his party irresponsibly wants to hold hostage the credit of the united states and every american's credit to politics. hopefully mr. boehnorç will return to his original concept that we ought to have a long-term, get us out of the election era, and what he's always said he wants is stability to businesses can count on our policies. well, he's suggested something absolutely the opposite of what he said is good policy. >> congressman hoyer, i appreciate your semantic correction of what i said about the democrats -- >> schumer said that. >> my point about it, though, is that -- and i think senator schumer's point can also be taken is we have a history here now, going back the last fe
he said we need a long-term solution, he said we need a big solution, a grand solution, the president offered that, it was clear that he could have gotten that deal, in my opinion. the first time that he walked away from the deal, and i'm absolutely convinced, having talked to the president, he could have gotten a deal the second time he walked away. the problem is i think his party wants to play politics, his party irresponsibly wants to hold hostage the credit of the united states and every...
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expedia. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. -why? -why? -why? [ female announcer ] we all age differently. roc® multi-correxion 4 zone moisturizer with roc®retinol and antioxidants. lines, wrinkles, and sun damage will fade. roc multi-correxion. correct what ages you. >>> quick look at the top stories on msnbc.com right now. the number one as you might have imagined, is president and speaker boehner going head to head last night on television. number two, man survives three days in a snake-infested manhole. number three, how to get in touch with extra-terrestrials, using your home radio. our producer rob gifford has answers to what you're doing up this morning. >> michelle in st. louis writes, i'm awake because my cat got stuck in a plastic so shopping bag and came running into my room to be freed at 4:25 a.m. >> people whose pets have been
expedia. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. -why? -why? -why? [ female announcer ] we all age differently. roc® multi-correxion 4 zone moisturizer with roc®retinol and antioxidants. lines, wrinkles, and sun damage will fade. roc multi-correxion. correct what ages you....
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what is thought to be a basic subatomic particle and proof is provided by the big bang machine. these are massive 17 or 18-mile-long particle accelerators built in geneva, switzerland and illinois. and so what is the god particle and what is confirmation of the existence after decades of searching actually mean? joining me is eric pits from the franklin institute, chief astronomer, and derrick, this is going to grab a lot of people's attention and why is it called the god particle, and what is it? >> well, the god particle is known as a higgs bosign and it is by the standard methods of physics not discovered yet. this is crucial, because it is the one particle that scientists will help us to understand basic things about the universe as you said, be one of the most basic ones is that we don't understand why particles have mass, so it is hoped that by discovering this particle we might be able to figure that out as well as figure out things about the early history of the universe, et cetera, et cetera. >> and derrick, tell us more ant the big bang machines, and these are the mach
what is thought to be a basic subatomic particle and proof is provided by the big bang machine. these are massive 17 or 18-mile-long particle accelerators built in geneva, switzerland and illinois. and so what is the god particle and what is confirmation of the existence after decades of searching actually mean? joining me is eric pits from the franklin institute, chief astronomer, and derrick, this is going to grab a lot of people's attention and why is it called the god particle, and what is...
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. >>> the big story for everybody out there -- now what? lots of false debate on capitol hill, a week from the treasury's default deadline. sort of invented in its own right. a tuesday in new york. good news, not at hot as it was. my name is dylan ratigan. pleasure to see you. the president and speaker of the house delivering speeches that have absolutely nothing to do with where the fault or blame now stands. more importantly, underlying structural problems that got us into this mess in the first place, talking about that. listening to all the floor speech, primetime addresses and press conferences you may actually think something is getting done. but if that was the case we'd have already raised the debt ceiling and moved on to restructuring bank, trade taxes in order to create jobs and prosperity for america. that's downright crazy. luke russert starts us off on capitol hill with the latest on the debt ceiling. >> reporter: the latest on the professional wrestling as you like to call it, right, dylan? >> where's the hulkster? right. >> r
. >>> the big story for everybody out there -- now what? lots of false debate on capitol hill, a week from the treasury's default deadline. sort of invented in its own right. a tuesday in new york. good news, not at hot as it was. my name is dylan ratigan. pleasure to see you. the president and speaker of the house delivering speeches that have absolutely nothing to do with where the fault or blame now stands. more importantly, underlying structural problems that got us into this mess...
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i'm contessa brewer covering the big news coast to coast. the big story, dysfunction junction. seven days and counting to the august 2nd debt default deadline. the two sides seem even further apart. >> right now there's no danger of any bill getting to the president's desk because we're at stalemate. >> it seems an edge bridgeable gap. >> the american people may have voted for divided government, but they didn't vote for a dysfunctional government. >> in back-to-back speeches president obama and house speaker john boehner laid out duelling debt plans. >> we can't allow the american people to become collateral damage to washington's political warfare. >> president obama pushing what he calls a balanced approach. including spending cuts and raising tax revenue. >> the sad truth is that the president wanted a blank check six months ago and he wants a blank check today. >> john boehne
i'm contessa brewer covering the big news coast to coast. the big story, dysfunction junction. seven days and counting to the august 2nd debt default deadline. the two sides seem even further apart. >> right now there's no danger of any bill getting to the president's desk because we're at stalemate. >> it seems an edge bridgeable gap. >> the american people may have voted for divided government, but they didn't vote for a dysfunctional government. >> in back-to-back...
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too big to fail. a look at the federal government that way some day. >>> and the criticism of president obama by boehner, may sounded like they took every jab at republicans and turned it back at him. not very original, but it's part of the rhythm of what we're into right now. that's in the "sideshow." you're watching "hardball" only on msnbc. >>> back to "hardball." now for the "sideshow" tonight. as the debt ceiling debate continues to consume both congress and the white house you may have noticed something about the republican rhetoric. their accusations against president obama sound remarkably similar to what the president himself said angrily about the republicans. here's president obama last week on the gop's complete unwillingness to budge during negotiations. >> i think that, you know, one of the questions that the republican party's going have to have itself is, can they say yes to anything? >> and here's speaker boehner last night. >> unfortunately the president would not take yes for an ans
too big to fail. a look at the federal government that way some day. >>> and the criticism of president obama by boehner, may sounded like they took every jab at republicans and turned it back at him. not very original, but it's part of the rhythm of what we're into right now. that's in the "sideshow." you're watching "hardball" only on msnbc. >>> back to "hardball." now for the "sideshow" tonight. as the debt ceiling debate continues to...
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>> quite a big one, contessa. we can report that earlier this morning the house call center the communication arm of the house in charge of all the house telephones sent out an email to members saying quote, due to the high volume of external calls to the house telephone circuits they are near capacity. some members should be receiving busy signals. several house websites crashed specifically that of speaker of the house john boehner. the question is whether or not it will transfer into some sort of change of what the status quo is right now and that really is both sides digging in quite rigidly on their plans. democrats supporting harry reid's plan the $2.7 trillion cut across the board. republicans in favor of john boehner's plan, with an extension of the debt limit. that's where both sides are still very much. >> kristen, let's talk with you about where the white house goes from here. can they capitalize on this? the people are willing to go online -- i had trouble getting on the house website today maybe not c
>> quite a big one, contessa. we can report that earlier this morning the house call center the communication arm of the house in charge of all the house telephones sent out an email to members saying quote, due to the high volume of external calls to the house telephone circuits they are near capacity. some members should be receiving busy signals. several house websites crashed specifically that of speaker of the house john boehner. the question is whether or not it will transfer into...
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go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> up next the policy challenges with jared bernstein. later, tim pawlenty continues to talk tough in iowa. that's in the rewrite. >>> congress now has one week left to act. there's still pass forward. the senate introduced a plan to avoid default which makes a down payment and ensures we don't have to go through this again in six months. i think that's a much better approach, although serious deficit reduction would still require us to tackle the tough challenges of entitlement and tax reform. >> that was the president addressing the nation from the east room earlier this evening. joining me now is jerrold bernstein, the former chief economist to vice president biden. he's currently a senior fellow at the center on budget and policy priorities and an msnbc contributor. jared, first of all, let's talk about the policies now that came out on what is called the reid plan in which there's no revenue increases at all. that's the latest compro
go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> up next the policy challenges with jared bernstein. later, tim pawlenty continues to talk tough in iowa. that's in the rewrite. >>> congress now has one week left to act. there's still pass forward. the senate introduced a plan to avoid default which makes a down payment and ensures we don't have to go through this again in six months. i think...
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i mean, that's too big a number for everybody to really consider. so i broke it down to every family in the united states. every family's part of this $63 trillion of unfunded liabilities for medicare as it exists today is over $500,000. per family. $500,000 per family. of unfunded liabilities for medicare just in the next several decades. now, i don't know about most families but my family can't afford to pay $500,000 and neither can the government. mr. gingrey: if the gentleman will yield back to me for just a second and i've got a post that are points out just exactly what the gentleman from georgia, dr. broun, is saying. the c.b.o., if you look, colleagues, at the bottom of this poster, c.b.o. estimates individual and corporate income tax rates would have to rise by 90% through the year 2050 to finance medicare and medcare cade. and if medicare is not fixed, millions of workers today will lose the money that they have invested and indeed they have invested with that payroll tax over their many years of employment and i yield back. mr. broun: tha
i mean, that's too big a number for everybody to really consider. so i broke it down to every family in the united states. every family's part of this $63 trillion of unfunded liabilities for medicare as it exists today is over $500,000. per family. $500,000 per family. of unfunded liabilities for medicare just in the next several decades. now, i don't know about most families but my family can't afford to pay $500,000 and neither can the government. mr. gingrey: if the gentleman will yield...
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too big to fail. a look at the federal government that way some day. >>> and the criticism of president obama by boehner, may have soin sounded like they took every jab at republicans and turned it back at him. that's in the "sideshow." you're watching "hardball" only on msnbc. introducing the schwab mobile app. it's schwab at your fingertips wherever, whenever you want. one log in lets you monitor all of your balances and transfer between accounts, so your money can move as fast as you do. check out your portfolio, track the market with live updates. and execute trades anywhere and anytime the inspiration hits you. even deposit checks right from your phone. just take a picture, hit deposit and you're done. open an account today and put schwab mobile to work for you. this past year alone there was a 93% increase in cyber attacks. in financial transactions... on devices... in social interactions... and applications in the cloud. some companies are worried. some, not so much. thanks to a network that se
too big to fail. a look at the federal government that way some day. >>> and the criticism of president obama by boehner, may have soin sounded like they took every jab at republicans and turned it back at him. that's in the "sideshow." you're watching "hardball" only on msnbc. introducing the schwab mobile app. it's schwab at your fingertips wherever, whenever you want. one log in lets you monitor all of your balances and transfer between accounts, so your money...
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the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on leaders from both parties to negotiate and called on the american people to call their lawmakers to tell them to make a deal to come to a compromise. to avoid default in what he called a financial problem for the united states, a big problem. while we wait for the republican response from house speaker john boehner, let's go to chief white house correspondent ed henry. >> reporter: the contrast was striking. the president flat out saying the other guys are part of a three-ring circus i'm about common ground, balance, compromise. that's because as we noted before he is
the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on...
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the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on leaders from both parties to negotiate and called on the american people to call their lawmakers to tell them to make a deal to come to a compromise. to avoid default in what he called a financial problem for the united states, a big problem. while we wait for the republican response from house speaker john boehner, let's go to chief white house correspondent ed henry. >> reporter: the contrast was striking. the president flat out saying the other guys are part of a three-ring circus i'm about common ground, balance, compromise. that's because as we noted before he is
the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on...
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money interests and big private prison interests and big anti immigration interests pushing for these individual laws across the states that's what's filling the void and that's the challenge that that we as organizations and as the latino community have a head of us is to push against those feeling bad boy and and so so in essence what we're seeing is this is sweeping reform across states that are being influenced by big money interests that is where the immigration reform stalls but is. sorry i mean i step on your tongue does an organization like the laws that have a vested financial interest obama's director of enter government out of governmental affairs from the very beginning was previously in the ra's a senior vice president charge of research advocacy and legislation and during her tenure at the white house it's coincided with a sharp increase in federal funding for a lot of that's according to a recent poll watch investigation so does that solidify the group's advocacy for obama's positions. well. the role of the plaintiffs is a very delicate role because at the same time tha
money interests and big private prison interests and big anti immigration interests pushing for these individual laws across the states that's what's filling the void and that's the challenge that that we as organizations and as the latino community have a head of us is to push against those feeling bad boy and and so so in essence what we're seeing is this is sweeping reform across states that are being influenced by big money interests that is where the immigration reform stalls but is. sorry...
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the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six months from now? >> greta: let me ask you about the tax code reform. the simpson-bowles commission said 3300 tax hoop locals, earmarks in the tax code -- loopholes earmarks in the tax code. it didn't get passed over to congress. the president could have adopted that. why didn't the president seize upon that and said let's get rid of those 3300? ' adopted a lot of simpson-bowles commission in the budget framework he laid out in the spring. a lot of the negotiations that took place with the speaker. the president and speaker were agreei
the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six...
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there's no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the tax and i hope that president obama will join must this work. god bless you and your family and god bless the united states of america. >> speaker of the house john >> we are staying on top of the story, this is an historic highs in washington, d.c. one mike from tomorrow, the nation will have a default crisis unless there is a compromise, some sort of deal is worked out. i am wolf blitzer washington, special coverage continues right now with "piers morgan tonight." >> thank you for chain with us. >> bible start with you, the talk of compromise, it seems cheat me that both of the equivalent of the bay of pigs, who will blink first? >> the president doesn't have to say because he doesn't have a boat. it was a moment to isolate the republican speaker of the house and urge him to try to change pass and find out to compromise. we heard him hawed speaker peter tight and say you work with the president. i a
there's no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the tax and i hope that president obama will join must this work. god bless you and your family and god bless the united states of america. >> speaker of the house john >> we are staying on top of the story, this is an historic highs in washington, d.c. one mike from tomorrow, the nation will have a default crisis unless there is a...
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the other three, the big stars, are saying. rejoice all you gleeks out there. >>> all right, now, arnold schwarzenegger is tweeting again. tweeting support for his son, christopher, who is in serious condition in the hospital after a surfing accident. he's also revising his divorce papers to maria shriver. apparently, he at first said he would nonopay any spousal support. >> or her attorney fees. >> or her attorney fees. now he's revised that and head he would do so. >> good, minute a little p.r. there in light of other family drama there. he says he didn't even ride the papers. he just signed them. oh, i didn't realize. >> my lawyer presented them to me. and i signed them without reading them. >>> leighton meester. apparently messy battle with mom. i didn't know there was so much family drama going on here. >> momma drama, indeed. >> she is now firing back after her daughter sued her saying i've given you $8,000 a month to take care of our medically challenged brother. you got botox and cosmetic procedures and all this. she's
the other three, the big stars, are saying. rejoice all you gleeks out there. >>> all right, now, arnold schwarzenegger is tweeting again. tweeting support for his son, christopher, who is in serious condition in the hospital after a surfing accident. he's also revising his divorce papers to maria shriver. apparently, he at first said he would nonopay any spousal support. >> or her attorney fees. >> or her attorney fees. now he's revised that and head he would do so....
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for the deficit to now on top of this these imaginary numbers for defense savings let's look at the big picture you have the fact that the u.s. faces more than fourteen trillion dollars in debt and mounting and that's not including sixty one point six trillion dollars in unfunded liabilities from entitlements that figure from usa today other figures put the u.s. on line for ninety to two hundred trillion dollars and after months of debt debate in washington that threaten to d.d. rail the global economy by dragging the u.s. to the fault all lawmakers. get now is a plan to save two point seven trillion dollars over ten years with one trillion dollars in savings on defense ludicrous and that is what the mainstream media is missing. now even though the debt ceiling debate is consuming mainstream media propelling the economy to the top story for the fifth week in a row it's been only. it's entirely driven by the bipartisan fight over raising the debt ceiling and how to cut the deficit and that's according to pew research which tracks this now the part of the discussion that is largely missin
for the deficit to now on top of this these imaginary numbers for defense savings let's look at the big picture you have the fact that the u.s. faces more than fourteen trillion dollars in debt and mounting and that's not including sixty one point six trillion dollars in unfunded liabilities from entitlements that figure from usa today other figures put the u.s. on line for ninety to two hundred trillion dollars and after months of debt debate in washington that threaten to d.d. rail the global...
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the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six months from now? >> greta: let me ask you about the tax code reform. the simpson-bowles commission said 3300 tax hoop locals, earmarks in the tax code -- loopholes earmarks in the tax code. it didn't get passed over to congress. the president could have adopted that. why didn't the president seize upon that and said let's get rid of those 3300? ' adopted a lot of simpson-bowles commission in the budget framework he laid out in the spring. a lot of the negotiations that took place with the speaker. the president and speaker were agreei
the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six...
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say they have had to change their lifestyle in a big way. someone in the household or close friend or family member has been laid off in the last year. 82% of marines say they areing a difficult time finding a job in their area. we wanted to know how it affected you. we invite you to record a video dairy and then upload it to u report or e-mail it to ureport to us and we may be coming out to tell your story. >> a democratic congressman is resigning in the growing sex skeanld. david wu of oregon made the announcement. yesterday nancy pelosi called for an ethics investigation after accusations by wu had a sexual encounter with an 18-year-old woman. he said he wouldn't step down but the well-being of his children come first so he'll resign. >>> just ahead, mcdonald's menu make over. how happy meal will get healthier. michelle obama weighs in on the changes. >> first i couldn't go to sleep. wide with awake. >> 49ers are back to work but they will return for the first time >>> san francisco 49ers are reporting to training camp at santa clara toda
say they have had to change their lifestyle in a big way. someone in the household or close friend or family member has been laid off in the last year. 82% of marines say they areing a difficult time finding a job in their area. we wanted to know how it affected you. we invite you to record a video dairy and then upload it to u report or e-mail it to ureport to us and we may be coming out to tell your story. >> a democratic congressman is resigning in the growing sex skeanld. david wu of...
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the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business. i was amaze how different washington d.c. operated. most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and debt is business as usual. i got news for washington, those days are over. president obama came to congress in january and requested business as usual. he had another increase in the national debt but we said not so fast. hereby was the president asking for the largest debt increase in history. here is what we got for that spending binge. a new healthcare bill, a stimulus bill that is more effective in producing material for late night comedians than jobs and a national debt that sparked a crisis. the united states can't default on its debt obligations. the jobs of two many -- too many americans are at steak. the american will not accept an increase in the debt limit without cuts and reforms. over the last six months we have done our best to convince the presi
the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business. i was amaze how different washington d.c. operated. most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and debt is business as usual. i got news for washington, those days are over. president obama came to congress in january and requested business as usual. he had another increase in the national...
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there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy our future. we are up to the task. i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so now we've heard from the speaker of the house and the president of the united states. different perspectives, different perspectives indeed. the speaker speaking for bonl five minutes. the president about 15 minutes. the major difference is whether or not another vote will be required next year to deal with these problems. the speaker saying yes, indeed. up to congress to have another vote next year. the president saying he wouldn't go along with that. he doesn't want to put the country through that one more time. we're staying on top of this story. this is an historic night in washington, d.c. one week from tomorrow, the nation will have a serious default crisis unless there is a compromise. unless the deal is worked out in the coming days. our special coverage continues
there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy our future. we are up to the task. i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so now we've heard from the speaker of the house and the president of the united states. different perspectives, different perspectives indeed. the speaker speaking for bonl five minutes. the president about 15...
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say they have had to change their lifestyle in a big way. someone in the household or close friend or family member has been laid off in the last year. 82% of marines say they areing a difficult time finding a job in their area. we wanted to know how it affected you. we invite you to record a video dairy and then upload it to u report or e-mail it to ureport to us and we may be coming out to tell your story. >> a democratic congressman is resigning in the growing sex skeanld. david wu of oregon made the announcement. yesterday nancy pelosi called for an ethics investigation after accusations by wu had a sexual encounter with an 18-year-old woman. he said he wouldn't step down but the well-being of his children come first so he'll resign. >>> just ahead, mcdonald's menu make over. how happy meal will get healthier. michelle obama weighs in on the changes. >> first i couldn't go to sleep. wide with awake. >> 49ers are back to work but honey...? [ mom ] yes. honey, i can't find my internet cord. oh, i'll borrow hailey's. you're downloading movi
say they have had to change their lifestyle in a big way. someone in the household or close friend or family member has been laid off in the last year. 82% of marines say they areing a difficult time finding a job in their area. we wanted to know how it affected you. we invite you to record a video dairy and then upload it to u report or e-mail it to ureport to us and we may be coming out to tell your story. >> a democratic congressman is resigning in the growing sex skeanld. david wu of...
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i've heard spending cuts aren't a big deal, raise that debt ceiling so they don't hit the roof. and all of those notes and bonds that a lot of you hold and thinking to myself. we're afraid of these guys having a hissy fit? is that a way to conduct policy, gauging market reaction to it. don't get me wrong, i love this capital stm and remember, back in the fall of 2008. wall street melted down nearly melted down after congress initially rejected then president bush's first tarp request? you knnknow why they did that? it was a bailout for bankers and brokers, lets hat not read too much in the selective tantrums and to rescue who these guys think are fairs, namely their interests and not necessarily the country's interest. that's not to stay that wall street isn't and shouldn't be worried about our long-term future, it should. let's just say it spends a lot more time focused on its short-term future. there is a difference and we'd be wise to remember it and wall street, you would be wise to appreciate it because this isn't about momentarily protecting your assets and their price. th
i've heard spending cuts aren't a big deal, raise that debt ceiling so they don't hit the roof. and all of those notes and bonds that a lot of you hold and thinking to myself. we're afraid of these guys having a hissy fit? is that a way to conduct policy, gauging market reaction to it. don't get me wrong, i love this capital stm and remember, back in the fall of 2008. wall street melted down nearly melted down after congress initially rejected then president bush's first tarp request? you...
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there is no symptom of big government more menacing than our debt. when it gets gripped and we liberate our economy and our future. we're up to the task. and i hope president obama will join us in this work. god bless you and your family, and god bless the united states of america. >> the house of representatives speaker there, john boehner, saying it's significant cuts and reforms that are needed to help the u.s. economy. and this is not debates or differences between congress and the white house but is more about american people and the future they seek for themselves and their families. let's return to mark who has been listening to that. sorry to interrupt you earlier but we wanted to hear what john boehner was saying and almost at times was replicating the tone of president obama there. >> yes. there's so much about this debate that's ridiculous. it's hard to know where to start from an economic point of view. and first of all, boehner is talking about a crisis. the crisis completely manufactured, this is a debt ceiling that, as president obama
there is no symptom of big government more menacing than our debt. when it gets gripped and we liberate our economy and our future. we're up to the task. and i hope president obama will join us in this work. god bless you and your family, and god bless the united states of america. >> the house of representatives speaker there, john boehner, saying it's significant cuts and reforms that are needed to help the u.s. economy. and this is not debates or differences between congress and the...
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what i worked to create to question what do you think happens after death after death you know the big questions in there. and i don't know. i'm inclined to think that our view of the universe is very simplified you know in a way that you know. crawling over a piece of paper has a very limited view of the universe so i think we also have a limited view so this existence that we know maybe just a very small part of the whole picture you know and i'm excited to think that that may be so. i'm not counting on it because maybe maybe in the you know life but i don't know. you know one thing is certain you can't use it as an excuse you can't say ok you know this life is really bad but the next one is going to be ok you have to make the best of where you are so i can't not ask you i know that you've been very successful and yet you were on the verge of suicide what stops at that point of death our love of life. yeah i've had very bad depression which a lot of people deal with at certain points what stops you killing yourself. i think what stopped me was the fact that i had children and people
what i worked to create to question what do you think happens after death after death you know the big questions in there. and i don't know. i'm inclined to think that our view of the universe is very simplified you know in a way that you know. crawling over a piece of paper has a very limited view of the universe so i think we also have a limited view so this existence that we know maybe just a very small part of the whole picture you know and i'm excited to think that that may be so. i'm not...
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its foreign firms which provided the lion's share of the investment and major maestro never made the big question the market is liberalize the reason regulatory for a more there are markets or capacity the and then are jeanne what we wish is to progress with these in making it clear more functioning russia opened its power sector four years ago privatizing most generating capacity during the crisis some russian firms failed to me the investments obligations while foreigners increased their market share for mass nine percent of capacity. with the commission seventy eight percent of new units generators are now asking regulators for predictability this year the russian government current price rises to fifteen percent we generate a sale lost the millions but that hasn't stopped the flaking off switches that's already covered business our team. that's our business of it for this hour but i'll be back with more in about forty minutes from now. if. you. are limited. to. just some. feel.
its foreign firms which provided the lion's share of the investment and major maestro never made the big question the market is liberalize the reason regulatory for a more there are markets or capacity the and then are jeanne what we wish is to progress with these in making it clear more functioning russia opened its power sector four years ago privatizing most generating capacity during the crisis some russian firms failed to me the investments obligations while foreigners increased their...
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cbs is a big winner, 23%. there's more going on than n.f.l. advertising. the ad rates are pretty good. >> ad rates up 20% and they're all sold out. everybody is ready for football. the pent up is enhancing the ad sales and people watching television. >> tom: no shot patch when it comes to football. the owner of the new england patriots robert kraft took the lead on this. had to this to say about the other big negotiations going on in washington. take a listen. >> i hope we gave a little lesson to the people in washington because the debt crises is a lot easier to fix than this deal was autopsy tom more complicated business than the u.s. debt ceiling. they understand what real debt is. let's start football now. are you listening mr. boehner and president obama. we are list ink, it is rick harrow with harrow sports. thank you, sir. >> susie: in china, ambitious plans to expand its high-speed rail system are being scrutinized after a deadly wreck over the weekend. one train fell off a bridge after being derailed. 39 people were killed and almost 200 others in
cbs is a big winner, 23%. there's more going on than n.f.l. advertising. the ad rates are pretty good. >> ad rates up 20% and they're all sold out. everybody is ready for football. the pent up is enhancing the ad sales and people watching television. >> tom: no shot patch when it comes to football. the owner of the new england patriots robert kraft took the lead on this. had to this to say about the other big negotiations going on in washington. take a listen. >> i hope we...
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picture last night talking about how corporatism is almost always the big winner i'll tell you a bit of it and we can talk about it. and the legal system become a justice system is a tool of those in power and so we shouldn't necessarily expect that tool to be used against those that it did or controlling our government calling corporations accountable it's more our job it is the legal justice system's job and we should be looking for other ways to do that besides just you know hoping for some u.s. attorney somewhere to indict some bankers are only taking years so pretty interesting kevin i mean we live in the united states of america and here tim is this environmental activist saying it's our job why is this not the legal system's job. because we have a corrupted government and senator christopher serves on the steering committee with me for a project called october two thousand and eleven dot org a couple of them there already is an effort to bring americans to freedom plaza in washington d.c. are told where to hold the government accountable and to end corporatism exactly what ima
picture last night talking about how corporatism is almost always the big winner i'll tell you a bit of it and we can talk about it. and the legal system become a justice system is a tool of those in power and so we shouldn't necessarily expect that tool to be used against those that it did or controlling our government calling corporations accountable it's more our job it is the legal justice system's job and we should be looking for other ways to do that besides just you know hoping for some...
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now i regard it as part of my life which will never go away and it shouldn't go away because it's so big part of what i worked to create to function. all crean's brian may talks r.t.l. less than ten minutes before that all the latest from the world of business occurring. and welcome to business here in our take russia is looking forward to expand its privatization program to spur economic growth deputy prime minister laid out the new plan that was disclosed by a bit of us to newspaper he suggests the for privatization of fourteen state companies by two thousand and seventeen however according to the plan the government will keep controlling stakes and infrastructure companies like russia where ways and transmit. the moment for privatization is gathering dust but it's also probably a function of the fight that we're going to face to do this. it's not so much about the money or those significant amount of money and go to the original plan was for thirty three billion dollars would be raised if we were talking about one hundred twenty billion dollars but this is part and parcel of smoke mot
now i regard it as part of my life which will never go away and it shouldn't go away because it's so big part of what i worked to create to function. all crean's brian may talks r.t.l. less than ten minutes before that all the latest from the world of business occurring. and welcome to business here in our take russia is looking forward to expand its privatization program to spur economic growth deputy prime minister laid out the new plan that was disclosed by a bit of us to newspaper he...
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. >> he is a big sports fan. >> huge sports fan. >>> 4:46. arnold schwarzenegger posts an update on twitter about his injured son. we'll tell you about it coming up. >> postal problems. the potential shutdowns due to the dire budget crunch coming up. >> and the happy meal as now it is changing. what's being reduced and what it will be replaced with. >>> and it's travel time. we are cleared for take-off at sfo. looking at a high there of 67 degrees, partly cloudy heading into the afternoon. moving across the country, hot weather across the country's midsection pulling into chicago not bad you have sunshine and a comfortable 85 degrees. further east of course they have the storms yesterday. what about today in new york? should be pretty nice. partly cloudy, about 85, as well. more on your weather coming right up. ,,,,,,,,,,,,,, family is not disclosing when or where. winehouse's parents visited her ho ed >>> the funeral for amy winehouse is not being disclosed as to when or where. the 27-year-old was found dead, no known cause. results of the t
. >> he is a big sports fan. >> huge sports fan. >>> 4:46. arnold schwarzenegger posts an update on twitter about his injured son. we'll tell you about it coming up. >> postal problems. the potential shutdowns due to the dire budget crunch coming up. >> and the happy meal as now it is changing. what's being reduced and what it will be replaced with. >>> and it's travel time. we are cleared for take-off at sfo. looking at a high there of 67 degrees,...
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and the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington, d.c. operated than every other business in america. while most american businesses make the hard choices to pay their bills, live within their means, in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested business as usual, he had another routine increase in the national debt, but we in the house said, not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge, a new health care bill that most americans never asked for, a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs and a national debt that has gotten so out of hand it sparked a crisis without pre
and the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington, d.c. operated than every other business in america. while most american businesses make the hard choices to pay their bills, live within their means, in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january...
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that is that congress establishes budget cuts big enough to satisfy the credit agencies. stocks would make our run at new bull market highs. it cannot pass a sizable plan, the downside would be limited to 10%. scenario 3, the worst outcome -- let's go to maryland, angela, an independent. caller: i'm a first-time caller. i am a social conservative and a fiscal conservative. i used to both the republican party from my local elections to the presidential elections. the worst thing that happened to the republican party is eric cantor. he reminds me of a child is totally intransigent. he is rude to the president and shows he is all talk and he cannot stand the heat in the kitchen. the tea party has taken over the republican party. why should grover norquist ask republican members to sign a pledge to him? he has not got our country. the republicans no longer represent me. they are behaving like a step further wives. -- stepford wives. this is not the reagan republican party that i used in them. this is really pathetic. people need to stop talking about social security as an ent
that is that congress establishes budget cuts big enough to satisfy the credit agencies. stocks would make our run at new bull market highs. it cannot pass a sizable plan, the downside would be limited to 10%. scenario 3, the worst outcome -- let's go to maryland, angela, an independent. caller: i'm a first-time caller. i am a social conservative and a fiscal conservative. i used to both the republican party from my local elections to the presidential elections. the worst thing that happened to...
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and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without preced
and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested...